Mirvac Group (OTCMKTS:MRVGF – Get Free Report) shares dropped 13.3% during mid-day trading on Monday . The company traded as low as $1.17 and last traded at $1.17. Approximately 3,752 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 2,900 shares. The stock had previously closed at $1.35.
Mirvac Group Stock Performance
The firm’s 50 day simple moving average is $1.25 and its 200 day simple moving average is $1.34.
About Mirvac Group
Mirvac Group (OTCMKTS: MRVGF) is a leading Australian property group engaged in the development, ownership and management of residential, retail, office and industrial assets. The company’s core activities encompass end-to-end property development, property investment and funds management, with a focus on creating long-term value through design excellence and sustainable practices. Mirvac’s vertically integrated business model spans project inception, construction and ongoing asset management.
In its residential division, Mirvac develops a diverse portfolio of apartments, townhouses and master-planned communities, particularly across Australia’s major population centres such as Sydney, Melbourne, Brisbane and Perth.
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